Phillip Mann Estate Agents says ..

Property Oracle says ..

This property is a plot of land in Seaford, East Sussex with planning permission granted for the construction of nine flats (four one-bedroom, three two-bedroom, and two three-bedroom). The location is generally favorable given the proximity to Seaford town centre, train station, and several good primary schools. However, the listed photos show the land is heavily overgrown and requires significant clearing before construction can begin. The absence of any buildings or existing structures means this is a development opportunity with inherent risks. The listing price of £750,000 should be evaluated with these factors in mind. The lack of available data such as square footage of the plot and specifics of the planning permission does impact a deeper review. Nearby property sales data is also very limited preventing a solid price per sqft comparison. Comparing the listed price to other nearby land/development properties with planning permission, the price appears somewhat in line with the market, however, the additional cost of site preparation and associated development costs must be considered before making a final judgement.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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